Admission Test Certified Public Accountant (Financial Accounting & Reporting) Financial-Accounting-Reporting Certified Exam Dumps

Financial-Accounting-Reporting Exam Dumps

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Certification Provider: Admission Test
Exam Code / Number: Financial-Accounting-Reporting
Exam Name: Certified Public Accountant (Financial Accounting & Reporting)
Exam Questions: 161
Last Updated: Jun 23, 2026
Corresponding Certification: CPA Certification

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The CPA FAR admission test is a content-heavy exam that requires thorough preparation to pass successfully. It comprises of 66 multiple-choice questions, which are scored on a scale of 0 to 99. To be eligible for the CPA credential, a candidate must score 75 or higher on each section of the exam. Candidates are given four hours to complete the test, and the exam includes questions covering topics such as financial statements analysis, accounting changes, and government accounting.

Admission Test Financial-Accounting-Reporting is a certification exam for those who wish to become a Certified Public Accountant (CPA) in the field of Financial Accounting Reporting. Financial-Accounting-Reporting exam measures the candidate's competency in financial accounting concepts and reporting procedures for financial statements. It tests their knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) guidelines.

Admission Test Financial-Accounting-Reporting Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Select Balance Sheet Accounts30% - 40%- Assets, Liabilities and Equity
  • 1. Payables and Accrued Liabilities
  • 2. Long-Term Debt
  • 3. Investments
  • 4. Cash and Cash Equivalents
  • 5. Property, Plant and Equipment
  • 6. Equity Transactions
  • 7. Inventory
  • 8. Intangible Assets
  • 9. Trade Receivables
Topic 2: Select Transactions25% - 35%- Accounting and Reporting Transactions
  • 1. Revenue Recognition
  • 2. Accounting for Income Taxes
  • 3. Accounting Changes and Error Corrections
  • 4. Contingencies and Commitments
  • 5. Lease Accounting
  • 6. Subsequent Events
  • 7. Fair Value Measurement
Topic 3: Financial Reporting30% - 40%- General Purpose Financial Reporting
  • 1. Financial Statement Ratios and Performance Metrics
  • 2. Special Purpose Frameworks
  • 3. State and Local Government Concepts
  • 4. Not-for-Profit Entities
  • 5. Public Company Reporting
  • 6. For-Profit Business Entities


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